Background*

Mr. Michael H. Diamond has been Corporate Secretary of Neu Holdings Inc. since 1994. Mr. Diamond is the Sole Member and Employee of MHD Group LLC, a business that he founded in November 2007 to provide consulting and expert witness services. Prior to founding MHD Group LLC, he was a Partner at the law firm of Milbank, Tweed, Hadley & McCloy from June 2000 to October 2007, where his practice focused on corporate governance, fiduciary duty and securities cases. He served ... as an Executive Vice President, General Counsel and Head of Corporate Communications at New World Communications Group from 1994 to 1997. He was an Attorney. He was a Partner, in the law firm of Skadden, Arps, Slate, Meagher & Flom LLP from 1971 to 1994. He has been an Independent Director of Ares Multi-Strategy Credit Fund, Inc. since 2012. He has been an Independent Director of Ares Commercial Real Estate Corporation since April 2012 and Neu Holdings Inc. since 1994. He serves as a Director of Ares Dynamic Credit Allocation Fund, Inc. Mr. Diamond earned his BA in Mathematics from Brown University in 1964 and holds a Juris Doctor from Columbia University Law School where he graduated magna cum laude in 1969.

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